SPACE42 PLC
AADX:SPACE421.91
AED
-0.04
(-2.05%)
ISIN
AEE01122B228
Return %
Stock
S&P 500
1Y
-0.52
14.20
3Y
-44.48
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Karim Michel Sabbagh
- Sector
- Technology services
- Industry
- Data processing services
- Address
- Abu Dhabi United Arab Emirates
- IPO Date
- Oct 31, 2022
- Website
- space42.ai
- Similar Companies
- Business
- Space42 PLC is a United Arab Emirates-based space technology and satellite communications company that provides artificial intelligence-powered geospatial analytics, satellite telecommunications, Earth observation, and smart mobility solutions. Formed in 2024 through the merger of Bayanat AI PLC and Al Yah Satellite Communications Company PJSC (Yahsat), the company is headquartered in Abu Dhabi, United Arab Emirates, and operates with strategic backing from G42 and Mubadala Investment Company. Space42 integrates space infrastructure with downstream geospatial data intelligence to serve defense, government, enterprise, and commercial clients across the Middle East, Africa, Europe, Central Asia, and Asia-Pacific regions. The company delivers its core offerings across integrated business segments, comprising: fixed satellite services (FSS) offering high-throughput broadband connectivity, enterprise data networking, commercial broadcast distribution, and secure, encrypted satellite communications for defense and government operations; mobile satellite services (MSS) marketed under the Thuraya brand, including satellite handheld phones, maritime voice and broadband terminals, land-mobile communication equipment, push-to-talk (PTT) units, and aero-mobility systems; geospatial intelligence platforms delivering optical and Synthetic Aperture Radar (SAR) Earth observation imagery, predictive artificial intelligence analytics, automated change detection, digital cartography, hydrographic surveying, and 3D digital elevation modeling; smart mobility and autonomous solutions, including high-definition vector mapping, autonomous driving infrastructure, unmanned aerial vehicle (UAV) systems, and High-Altitude Pseudo-Satellite (HAPS) stratospheric platforms developed through its Mira Aerospace joint venture; and satellite Internet of Things (IoT) and machine-to-machine (M2M) connectivity solutions designed for asset tracking, critical infrastructure monitoring, maritime domain awareness, and Direct-to-Device (D2D) mobile satellite integration. Recent operational and corporate developments include the completion of the merger between Bayanat and Yahsat in October 2024, creating an integrated space-AI enterprise listed on the Abu Dhabi Securities Exchange under the ticker symbol SPACE42. The company has expanded its remote sensing infrastructure through a strategic partnership with ICEYE to build, launch, and operate a sovereign constellation of low Earth orbit (LEO) Synthetic Aperture Radar satellites to deliver persistent Earth monitoring capabilities. Additionally, Space42 has progressed the deployment of the Thuraya-4 NGS next-generation geostationary satellite to expand mobile satellite network capacity and enable next-generation Direct-to-Device services. The organization also maintains long-term sovereign mandate agreements with the UAE Government for satellite capacity and geospatial services, while actively forming strategic alliances with global technology partners to integrate edge-computing artificial intelligence into spaceborne and ground-station architectures.